$1,075,000
ULS: 19873574
8-15-Plex for sale - Granby
150 - 168 Rue Empire, Granby
In Granby, at the corner of Empire Street and Johnson Street, stands a building with 10 3 1/2 apartments. Meticulously maintained and boasting a quality clientele, this brick building requires minimal upkeep, having already undergone major renovations. With 15 parking spaces and storage in the basement, each tenant enjoys access to two balconies. Currently rented below market value, the apartments offer a highly attractive income potential. Visits are by appointment only, following an accepted purchase offer with proof of solvency. All units have been photographed. Don't miss this opportunity !
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
1
Bedroom
1
Bathroom
Addendum
A strategic opportunity !
Let's explore 150@168 Empire Street in Granby, an income property comprising 10 units.
The building:
The units :
The building houses 10 apartments, each consisting of 3 1/2 rooms, equipped with washer-dryer installations, and regularly updated over time. These units are remarkably well-maintained, and the quality of the clientele is undeniable. There is a significant opportunity to increase income in the short to medium term.
Each tenant also has access to a common gallery and a private gallery, providing a pleasant and sociable outdoor space.
The land :
Situated on a spacious plot, the building benefits from 15 parking spaces in an asphalted yard. Two mature trees line the street, creating a desirable sense of privacy for residents.
The location :
Ideally located at the corner of Empire Street and Johnson Street, the building offers ample parking space with 15 slots (10 for tenants and 4 for visitors). The all-brick, two-story architecture, with fiber cement-clad staircases, ensures convenient access to all units as well as the basement, where storage spaces are located.
Ideally situated in a sought-after neighborhood, this location offers unparalleled accessibility. Just steps away from downtown and all its amenities, as well as a minute's walk from the Cégep, grocery store, and pharmacy, this location is simply exceptional.
Not only does it guarantee a convenient and easy daily life for residents, but it is also a major asset for attracting quality clientele.
Viewings :
This property presents an exceptional opportunity for investors seeking a well-maintained building with income potential and a strategic location. Don't miss this chance to make a smart investment in Granby's real estate market.
*** Viewings are granted only upon presentation of a purchase offer accompanied by a letter of solvency and/or pre-approval, ensuring the seriousness of potential buyers' intentions. ***
Gross income of $68,220 - Net income of $46,193
Let's explore 150@168 Empire Street in Granby, an income property comprising 10 units.
The building:
The units :
The building houses 10 apartments, each consisting of 3 1/2 rooms, equipped with washer-dryer installations, and regularly updated over time. These units are remarkably well-maintained, and the quality of the clientele is undeniable. There is a significant opportunity to increase income in the short to medium term.
Each tenant also has access to a common gallery and a private gallery, providing a pleasant and sociable outdoor space.
The land :
Situated on a spacious plot, the building benefits from 15 parking spaces in an asphalted yard. Two mature trees line the street, creating a desirable sense of privacy for residents.
The location :
Ideally located at the corner of Empire Street and Johnson Street, the building offers ample parking space with 15 slots (10 for tenants and 4 for visitors). The all-brick, two-story architecture, with fiber cement-clad staircases, ensures convenient access to all units as well as the basement, where storage spaces are located.
Ideally situated in a sought-after neighborhood, this location offers unparalleled accessibility. Just steps away from downtown and all its amenities, as well as a minute's walk from the Cégep, grocery store, and pharmacy, this location is simply exceptional.
Not only does it guarantee a convenient and easy daily life for residents, but it is also a major asset for attracting quality clientele.
Viewings :
This property presents an exceptional opportunity for investors seeking a well-maintained building with income potential and a strategic location. Don't miss this chance to make a smart investment in Granby's real estate market.
*** Viewings are granted only upon presentation of a purchase offer accompanied by a letter of solvency and/or pre-approval, ensuring the seriousness of potential buyers' intentions. ***
Gross income of $68,220 - Net income of $46,193
Building details and property interior
Dimensions
141' 8" X
Year constructed
1947
Windows
PVC
Window Type
Guillotine
Siding
Other, Brick
Roofing
Elastomeric membrane
Dividing Floor
Wood
Washer/Dryer (installation)
Other (AU)
Kitchen Cabinets
Melamine
Bathroom
Other
Basement
6 feet and more, Partially finished
Lot and exterior features
Lot size
142' X
Lot area
14,308 ft²
Topography
Flat
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Driveway (15)
Proximity
Daycare centre, Hospital, Park, Elementary school, High school, Public transportation, CEGEP, Other
Characteristics
Heating System
Hot water
Heating Energy
Natural gas
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 226,100
- Building assessment
- $ 448,900
- Total
- $ 675,000
Taxes
- Municipal (2024)
- $ 10,412
- School (2024)
- $ 589
- Total
- $ 11,001
Annual expenses
- Insurance
- $ 4,935
- Total
- $ 4,935
Energy expenses
- Gas
- $ 6,091
- Total
- $ 6,091
Gross annual revenues (potential)
- Residential
- $ 68,220
- Total
- $ 68,220
Inclusions and exclusions
Inclusions
All renovation materials remaining in the basement, mower, edger.environmental study phase 1 (2005)
Exclusions
Personal effects of tenants.
Mortgage payment calculator
$
$
$
%